As we gather the news that the US is now placing tariffs on  Canada, we all contemplate how this will affect our day-to-day lives. 

If you are retired, or nearing retirement, the fear of living on a limited cash flow can be particularly frightening with threatening inflation. Fortunately, in BC, those retiring today have experienced a strong appreciation of home values.  

While home equity looks fabulous on a balance sheet, it is often very difficult to get access to in retirement. Once incomes have decreased, the bank's desire to lend also decreases.  

Many Canadians are facing financial uncertainty with rate renewals, increasing costs, and the looming potential of tariff threats. Managing mortgage payments is a key part of financial stability for most Canadians. Today’s unpredictable climate has many struggling to make long-term and medium-term decisions related to mortgage rates. 

Trump announced 25% tariffs on Canadian imports. Canadians are wondering how this will impact lenders and the cost of money. 

Trade war threats last week pushed the Bank of Canada bond yields lower last week. Typically, lenders would have responded by lowering their fixed mortgage rates. Increased risk in the market prevented this from happening as lenders digest this new economic shock. 

So, while the initial response of the trade war by bond markets is to push down yields, tariffs are inflationary, so we expect longer-term bonds to respond. In this scenario, both bond yields and fixed mortgage rates that they are priced on will rise.  

If you are a business owner and in the market for a mortgage, you may have found that navigating the world of financing can be challenging. It might seem like traditional lenders focus solely on your net income on tax returns while ignoring any business expenses or recent growth. This approach can make it difficult for business owners to qualify for a mortgage, leaving many feeling frustrated and hopeless. However, this doesn't have to be the case. In this blog post, we will discuss some tips and tricks on how to secure financing when you are a business owner.

When it comes to buying a home, the process can be overwhelming, and you might be tempted to do everything yourself to save on costs. However, one area where it's helpful to have professional assistance is in securing a mortgage. But how do mortgage brokers get paid for their services? And will you be charged extra fees for using them? In this post, we'll go over all the details to clear up any confusion and help you make an informed decision when it comes to choosing a mortgage broker.

Retirement is a time for relaxation and enjoying the fruits of your labor, but it is also a time when financial concerns become more pressing. Many seniors worry about how they'll pay for medical expenses, get by on a fixed income, and pass on assets to their heirs. One financial instrument that is often misunderstood but can help those aged 55 and above is a reverse mortgage. Unfortunately, many people do not fully understand reverse mortgages which has resulted in some avoiding use of this helpful tool. Here, we will clear up some of the most common reverse mortgage myths so that you can make an informed decision about whether it is right for you.

As a homeowner in BC, you’ve worked hard to pay your mortgage and build up equity in your home. Raising interest rates, taxes, inflation, and the costs of living in pre-retirement and retirement have changed the landscape in ways our parents and grandparents did not have. But what if you could tap into that equity to boost your retirement income or improve your quality of life without having to make monthly payments? This is where a reverse mortgage comes in. In this blog, we’ll explore a reverse mortgage, how it works, and whether it’s the right choice for you.

Buying a home is a significant investment. Navigating through the process smoothly is exciting yet overwhelming. Homebuyers often spend countless hours searching for the right mortgage that fits their budget, needs, and dreams. What if you could have a professional guide you through the process and help you save time and money? That's precisely where a mortgage broker comes in. In this post, we'll discuss why using a mortgage broker in BC is a smart choice for homebuyers.